I wrote the following draft in 2006, and then set it aside, because I couldn't reach a conclusion, except that this is wrong:
This has bothered me for some time now. When I was young, and more, when my dad was young, a man could do a day's physical work, and earn enough money to buy himself food, and a place to sleep. This is what Roger Miller sang about in "King of the Road": "two hours of pushin' broom Buys an eight-by-twelve four-bit room." And if you had a skill, or a college education, you could earn more than that, maybe enough to buy a house and start a family.
Sometime between then and now, it's gotten too expensive to be a working American. Now, a man doing a day's physical work doesn't make enough money to pay the rent, and if he has a family, he and his wife both have to work two jobs just to get from one end of the month to another. And the kids stay home alone after school because there's no money for child care.
What happened? I'm afraid globalization is what happened. Factory jobs went from a place where people want safe working conditions, and a break for lunch, and a pension, and maybe to buy a house - to places where people are happy to work for $5 a day or less, and don't complain about working conditions or lunch breaks. This is why the stuff at Wal-Mart is so cheap, and not just Wal-Mart.
In the case of jobs that can't be exported, like fruit and vegetable picking, we imported the people instead: that's what the illegal immigrants everyone's talking about are doing. And because they're illegal, they're doing it for less than minimum wage - how can they complain? So to keep the produce we eat cheap enough for us to buy it, we pay the pickers so little that Americans can't afford to do the work. The immigrants live four or six to a room, and send money home. And a job that Americans did seventy years ago (what do you think the Okies came to California to do, during the Dust Bowl?) is no longer an option, even if Americans wanted to do it. Some people say Americans "won't take those jobs." Well, they certainly won't at those wages.
It's not just factory jobs anymore. Eighteen years ago I became a computer programmer, because it was a good career path. Now, there are damn few entry level computer jobs; they've gone to India where they can get a kid with a college degree in computer science for $20,000 a year. I've read complaints that American kids aren't studying engineering, especially computer engineering, in college. Why should they? The jobs are in India. And senior people with long careers are told they're "not measuring up", and then replaced by a college grad for a quarter of the salary.
That was in 2006. It's now 2014. The intervening 8 years have made it brutally clear that the America I grew up in no longer exists. We've reverted to the America my grandparents grew up in - historians call it "The Gilded Age." The age where all employment was "at will," there were no work rules and no safety requirements, and if you got sick you went home to recover or die, without pay, because there was no "sick leave" and only the rich could afford doctors. Check it out on Wikipedia - the first pre-paid health care arrangements coalesced into Blue Cross in the 1930s, and employer insurance came in during World War II because wartime regulations didn't allow salary raises (see the Wikipedia article cited above).
Income in America today is appallingly unequal. I'd usually cite the research, but we've all read it. The rich now own Congress - hell, the rich now are Congress. And the Supreme Court supports them. Justice Scalia goes duck hunting with them. Sure the judiciary is independent.
How can we be proud of an America where you're either Mark Zuckerberg, with more money than he knows what to do with at age 30, or you're working two jobs at $8 an hour and still can't pay the rent, like far too many people in the San Francisco Bay Area? When did we decide that $2,500 a month was a reasonable rent for a 1 bedroom apartment? When did it become "reasonable" to pay a few bankers millions of dollars a year for bankrupting our economy through fraud?
What do we do about this, and how? I wish to God I had answers. I hope to God that the money we've saved up will last us the rest of our lives; it seems like a lot to me, who grew up with my mother making all my clothes, and canning fruit every fall; but we're still comparatively young, and we have no kids to "help us out." Not that anybody's kids can help them out when the kids are also making $8 an hour, if they have a job at all.
Whatever the solution is, if there is one, we have to work together to do it. The rich have gotten where they are by scratching each other's backs, and setting less wealthy people against each other. In case you wondered, that's where all the rhetoric about "welfare queens" and the "lazy poor" comes from. Until the rest of us realize that we have more in common with each other than we do with "the 1%", and start collaborating on solutions, things will stay exactly as they are. There are more of us than there are of them; but they're really good at the old "divide and conquer" routine.
This is hedera whom you may recognize from my posts at Adam Felber's Fanatical Apathy site. Felbernauts and others of good will and good manners are welcome to comment here.
Showing posts with label Overpaid executives. Show all posts
Showing posts with label Overpaid executives. Show all posts
Saturday, March 29, 2014
Thursday, December 30, 2010
We're Going to Sue
Anyone living in California probably knows about the latest flap with the University of California, the 36 highly paid executives who claim they're going to sue the University if they have to retire on a mere $183,750 a year. For the uninformed, here's the link to the original article.
I'm a U.C. Berkeley alumna, a life member of the alumni association, and I've been donating money to various university related causes most of my working life. A few years ago, though, I quit donating to the University directly. This was about the time we started hearing jointly about University executive salaries above $400K, and tuition increases. (Are you listening, Mr. Yudof? It was about the time you came on board, and your salary was the trigger.)
I now donate only to the University Library fund (directly) and to the Alumni Association. A letter writer to the editor in the S.F. Chronicle the other day said she was going to quit donating to the Alumni Association over this flap, but she's got it wrong - the Alumni Association has nothing to do with what University execs get paid. But this incident has confirmed my conviction that the University (as opposed to the university library) will not get One Dime of my money as long as it has people like these executives running it.
I understand that there is or may be a contractual issue here, and frankly, my dear, I don't give a damn. These people have completely forgotten - as has the California Legislature - what the University of California was supposed to be about. It was supposed to be about educating the children of California - NOT educating the children of California who can afford to pay $12,150 per year in tuition and campus fees. Those kids were supposed to go to Stanford.
The argument for these absurd pension demands - indeed, the argument for the absurd salaries - is that "without higher pensions, U.C. could lose good people." Baloney. Horsepucky. If the Regents chose to fire these prima donnas and advertise their jobs at salaries of $250K with comparable pension, they would be buried under a stampede of intelligent, competent, imaginative and capable people dying to get the jobs. Especially if they limited the offer to people resident in California for at least 2 years. University Regent Dick Blum described the litigants as "some of the University's most valuable employees." More baloney. These people are department heads - they are meeting attenders and paper pushers whose teaching duties, if any, are secondary. The university's most valuable employees are the faculty and library staff who teach and support the students.
What really fried my bacon was this insistence that $187,750 a year is not an adequate pension. Ladies and gentlemen, I retired 3 years ago, taking a lump-sum pension (that is, the entire present value of my pension) which didn't even approach that amount. My husband is still working, but when he retires he'll get a pension that doesn't even approach that amount, and yet we expect to live very comfortably in retirement. If you require $300,000 per year to live on in retirement, you need some training in money management, not to mention common sense.
This demand is pure extortion. Pay us, and let the janitors and department secretaries starve in the gutter when they retire, or we'll sue you. The University should fire these people and hire competent replacements at half their salaries. I'm betting that the University would be at least as well managed as it is today. Of course, that's a very low standard to beat.
In Matier & Ross' column on Monday, Regent Blum was asked what the Regents would do if the Legislature failed to restore the $450 million it pulled out of U.C.'s budget in 2010. Mr. Blum's response? "Try to run the place more efficiently."
Mr. Blum - WHAT TOOK YOU SO LONG?
I'm a U.C. Berkeley alumna, a life member of the alumni association, and I've been donating money to various university related causes most of my working life. A few years ago, though, I quit donating to the University directly. This was about the time we started hearing jointly about University executive salaries above $400K, and tuition increases. (Are you listening, Mr. Yudof? It was about the time you came on board, and your salary was the trigger.)
I now donate only to the University Library fund (directly) and to the Alumni Association. A letter writer to the editor in the S.F. Chronicle the other day said she was going to quit donating to the Alumni Association over this flap, but she's got it wrong - the Alumni Association has nothing to do with what University execs get paid. But this incident has confirmed my conviction that the University (as opposed to the university library) will not get One Dime of my money as long as it has people like these executives running it.
I understand that there is or may be a contractual issue here, and frankly, my dear, I don't give a damn. These people have completely forgotten - as has the California Legislature - what the University of California was supposed to be about. It was supposed to be about educating the children of California - NOT educating the children of California who can afford to pay $12,150 per year in tuition and campus fees. Those kids were supposed to go to Stanford.
The argument for these absurd pension demands - indeed, the argument for the absurd salaries - is that "without higher pensions, U.C. could lose good people." Baloney. Horsepucky. If the Regents chose to fire these prima donnas and advertise their jobs at salaries of $250K with comparable pension, they would be buried under a stampede of intelligent, competent, imaginative and capable people dying to get the jobs. Especially if they limited the offer to people resident in California for at least 2 years. University Regent Dick Blum described the litigants as "some of the University's most valuable employees." More baloney. These people are department heads - they are meeting attenders and paper pushers whose teaching duties, if any, are secondary. The university's most valuable employees are the faculty and library staff who teach and support the students.
What really fried my bacon was this insistence that $187,750 a year is not an adequate pension. Ladies and gentlemen, I retired 3 years ago, taking a lump-sum pension (that is, the entire present value of my pension) which didn't even approach that amount. My husband is still working, but when he retires he'll get a pension that doesn't even approach that amount, and yet we expect to live very comfortably in retirement. If you require $300,000 per year to live on in retirement, you need some training in money management, not to mention common sense.
This demand is pure extortion. Pay us, and let the janitors and department secretaries starve in the gutter when they retire, or we'll sue you. The University should fire these people and hire competent replacements at half their salaries. I'm betting that the University would be at least as well managed as it is today. Of course, that's a very low standard to beat.
In Matier & Ross' column on Monday, Regent Blum was asked what the Regents would do if the Legislature failed to restore the $450 million it pulled out of U.C.'s budget in 2010. Mr. Blum's response? "Try to run the place more efficiently."
Mr. Blum - WHAT TOOK YOU SO LONG?
Labels:
Overpaid executives,
Political rants,
U.C. Berkeley
Subscribe to:
Posts (Atom)